Wayfair (NYSE:W) has been assigned a $76.00 price target by equities researchers at Credit Suisse Group in a note issued to investors on Friday, MarketBeat.com reports. The brokerage presently has a “hold” rating on the stock. Credit Suisse Group’s price objective would suggest a potential upside of 1.00% from the stock’s current price.
Other research analysts have also issued reports about the stock. Gordon Haskett lowered shares of Wayfair from a “buy” rating to an “accumulate” rating in a research note on Wednesday, January 31st. Stifel Nicolaus raised their price objective on shares of Wayfair from $72.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, December 15th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $89.00 price objective on shares of Wayfair in a research note on Wednesday, December 13th. Moffett Nathanson initiated coverage on shares of Wayfair in a research note on Monday, December 4th. They issued a “buy” rating on the stock. Finally, Citigroup dropped their price objective on shares of Wayfair from $80.00 to $66.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. Twelve equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $83.80.
Wayfair (NYSE:W) opened at $75.25 on Friday. Wayfair has a 12 month low of $35.36 and a 12 month high of $100.14. The company has a quick ratio of 1.17, a current ratio of 1.19 and a debt-to-equity ratio of 135.98.
Wayfair (NYSE:W) last issued its earnings results on Thursday, February 22nd. The company reported ($0.83) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.79) by ($0.04). The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.36 billion. Wayfair had a negative return on equity of 1,424.62% and a negative net margin of 5.18%. The firm’s revenue was up 46.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.34) earnings per share. sell-side analysts expect that Wayfair will post -2.29 earnings per share for the current year.
In related news, insider Edmond Macri sold 600 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $68.80, for a total transaction of $41,280.00. Following the completion of the sale, the insider now owns 500 shares in the company, valued at $34,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Champlin Mulliken sold 700 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $67.99, for a total transaction of $47,593.00. Following the sale, the insider now owns 184,595 shares of the company’s stock, valued at approximately $12,550,614.05. The disclosure for this sale can be found here. In the last quarter, insiders sold 82,951 shares of company stock valued at $7,312,515. 56.93% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of W. Artisan Partners Limited Partnership purchased a new stake in Wayfair during the third quarter worth about $81,855,000. Alliancebernstein L.P. increased its holdings in Wayfair by 1,724.1% during the fourth quarter. Alliancebernstein L.P. now owns 1,101,771 shares of the company’s stock worth $88,439,000 after buying an additional 1,041,371 shares during the last quarter. American Century Companies Inc. purchased a new stake in Wayfair during the fourth quarter worth about $37,836,000. Bank of New York Mellon Corp increased its holdings in Wayfair by 331.0% during the third quarter. Bank of New York Mellon Corp now owns 583,843 shares of the company’s stock worth $39,351,000 after buying an additional 448,390 shares during the last quarter. Finally, Zevenbergen Capital Investments LLC increased its holdings in Wayfair by 542.6% during the third quarter. Zevenbergen Capital Investments LLC now owns 461,190 shares of the company’s stock worth $31,084,000 after buying an additional 389,420 shares during the last quarter. Institutional investors and hedge funds own 71.30% of the company’s stock.
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Wayfair Company Profile
Wayfair Inc (Wayfair) offers browsing, merchandising and product discovery for a range of products from various suppliers. The Company operates through two segments: U.S. and International. The U.S. segment consists of amounts earned through product sales through the Company’s five sites in the United States and through sites operated by third parties in the United States.
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